by usoftax_admin | Nov 1, 2023 | Tax News
Individuals who contribute to tax-free retirement accounts can add another $500 to their plans in 2024 under Internal Revenue Code Section 401(k), as the annual contribution limit will climb to $23,000, the Internal Revenue Service said Wednesday. by usoftax_admin | Nov 1, 2023 | Tax News
A convoluted process for monetizing tax credits from the Inflation Reduction Act contained in recently proposed rules by the Internal Revenue Service could make it difficult for Native American entities seeking to construct and operate renewable energy facilities to... by usoftax_admin | Nov 1, 2023 | Tax News
The Michigan Department of Treasury told the U.S. Supreme Court that it won’t respond to an energy company’s petition seeking review of Michigan’s apportionment method of taxing a gain from the purchase of an out-of-state business unless the justices... by usoftax_admin | Nov 1, 2023 | Tax News
House Republican legislation that would rescind $14.3 billion in Inflation Reduction Act funding for the Internal Revenue Service to offset an aid package for Israel would decrease federal revenue by $26.8 billion over the next decade, the Congressional Budget Office... by usoftax_admin | Nov 1, 2023 | Tax News
Technological advancements mean more direct evidence is being created than ever before, and attorneys as well as law schools must modify their methods to account for new challenges in how this evidence is collected and used to try cases, says Reuben Guttman at Guttman... by usoftax_admin | Nov 1, 2023 | Tax News
The federal government has downplayed the threat posed by a Third Circuit decision that forces Delaware’s insurance department to comply with an Internal Revenue Service summons and break confidentiality with two microcaptive insurers, the state insurance...